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Big Media Finally On The Case Of The Amazing "Value Deflation" Inflation

Tyler Durden's picture




 

Two months ago Zero Hedge first touched upon the topic of relative "value deflation" whereby prices for products are kept constant, even as the actual product provided is far less. Back then we recalled the experience of one Walmart shopper who shared the following story: "I noted with interest that the Wal-Mart I shop at had cleared the shelves of "Great Value" brand coffee in 39 oz cans for about 2 weeks. Today the new can appeared, with the following differences: 1.) Can is now 33.9 oz, down from 39 oz. Also conspicuously missing is the conversion of 2lb, 7oz therefore no comparison in pounds is easily made. 2.) Price for this smaller can is up from $9.88 to $10.48, by my rustic math an approximate 20% increase! 3.) Contents of can are no longer 'Premium Columbian' Decaffeinated. Now labeled '100% Classic Decaf'." Indeed, for people attuned to change in prices much more than to changes in amounts, this is the best, if most despicable, way to mask what is rapidly becoming an accelerating inflation problem (and with food prices now officially at their highest levels ever merely compounding the problem). Today, with the traditional two month delay, the mainstream media finally draws attention to this increasingly more troubling development.

While at just two minutes, the following ABC segment is better than nothing, and should provide a sufficient alert to the peasantry just how much less their raped and ravaged dollar goes these days, even if on a relative basis it is actually outperforming the European continent's own one-ply infinitely dilutable piece of toilet paper in the past month or so.

d

 

 

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Wed, 01/05/2011 - 22:10 | 851318 DonnieD
DonnieD's picture

You can save 100% on a single trip using the 5 finger discount.

Wed, 01/05/2011 - 19:10 | 850827 TheProphet
TheProphet's picture

They do. It's on the tag on the shelf. You're welcome.

Wed, 01/05/2011 - 19:21 | 850860 Jstanley011
Jstanley011's picture

Yep, in very very small print.

Wed, 01/05/2011 - 17:17 | 850341 LFMayor
LFMayor's picture

Long pork, bitches,
It's what's for supper.  Soon.

Wed, 01/05/2011 - 17:26 | 850383 Cheesy Bastard
Cheesy Bastard's picture

Lots of fat ones in my neighborhood, too!

Wed, 01/05/2011 - 17:32 | 850399 LFMayor
LFMayor's picture

Bonus Round: that's candles for the meal ambience and soap to wash up with afterwards, too. 

Wed, 01/05/2011 - 17:17 | 850342 Hollow_Point
Hollow_Point's picture

Good opportunity for the Yanks to slide into the metric system ...3.8L for $3.30 whaoooooooo. After all it worked here too.

Wed, 01/05/2011 - 17:17 | 850347 JLee2027
JLee2027's picture

I'm surprised they reported this. 

They are admitting 7% or so real inflation in the past year.

Wed, 01/05/2011 - 17:59 | 850536 akak
akak's picture

By using the word "inflation", though, we are all effectively apologizing for the downward manipulation in the value of our fiat currency, and deflecting the blame for this ongoing and NEVER-ENDING phenomenon from those responsible for it (i.e., the Federal Reserve and the world central banking cartel in general), by implicitly focusing on the result (rising prices) and not on the primary cause, the inevitable and ubiquitous governmental overissuance of currency.

I categorically refuse to use the word "inflation" to describe this effect, instead using the more direct and honest phrase "dollar (or currency) depreciation".  I strongly suggest that all of us do the same. 

Do not surrender to the Establishment's Orwellian doublespeak!

Wed, 01/05/2011 - 19:00 | 850789 Pants McPants
Pants McPants's picture

EXACTLY right - I get annoyed when folks transpose cause and effect when it comes to this issue.  Did it rain today because I decided to carry and umbrella to work?  Of course not.  But watch, and I think this was pointed out earlier too, folks will blame corporations for these problems and demand controls.  There's always a scapegoat because, well, dollar depreciation is just so damn confusing.

Wed, 01/05/2011 - 20:32 | 851080 PeterSchump
PeterSchump's picture

Inflation my ass.  There may be less orange juice and peanut butter, but it is higher quality, and that quality is reflected as an adjustment in the CPI.

http://www.bls.gov/cpi/cpihqaqanda.htm

Wed, 01/05/2011 - 21:47 | 851258 PeterSchump
PeterSchump's picture

Someone obviously does not understand sarcasm, or worse, believes the CPI adjustments.

Thu, 01/06/2011 - 00:02 | 851540 Hephasteus
Hephasteus's picture

Oh that explains super high quality products like HP and Dell. LOL

Wed, 01/05/2011 - 17:17 | 850348 Trimmed Hedge
Trimmed Hedge's picture

PAIN AT THE PUMP!!

STRESS AT THE SUPERMARKET!!!

 

Yeah, that's great... 1:00 commercial, followed by a 1:51 piece that gets stopped at 1:14

 

PAIN AT THE ZH!!!

Wed, 01/05/2011 - 17:25 | 850369 Sophist Economicus
Sophist Economicus's picture

Looks like you missed being FRIST by about 83 seconds

Wed, 01/05/2011 - 17:34 | 850351 e_u_r_o
e_u_r_o's picture

....

Wed, 01/05/2011 - 17:21 | 850358 Trimmed Hedge
Trimmed Hedge's picture

I just bought a carton of a dozen eggs this morning -- and there were only 10 in there!

Wed, 01/05/2011 - 17:42 | 850453 daneskold
daneskold's picture

Seems that Grade A large eggs are not as big as they used to be.  Have to buy jumbo eggs to make the recipes work as well.

Wed, 01/05/2011 - 17:52 | 850508 -Michelle-
-Michelle-'s picture

I thought I was imagining things.  Glad I'm not the only one who thinks so.

Wed, 01/05/2011 - 20:34 | 851085 PeterSchump
PeterSchump's picture

I noticed it too, even though there are supposed to be standards...............

Wed, 01/05/2011 - 23:11 | 851438 Gully Foyle
Gully Foyle's picture

PeterSchump

I noticed it too, even though there are supposed to be standards...............

http://ask.yahoo.com/20020610.html

Swiss cheese has been in the news recently because the U.S. Department of Agriculture (USDA) created new guidelines that regulate the hole size of domestically produced Swiss cheese. The USDA reduced the standard size of the holes by half because new cheese-slicing machinery got caught on larger holes. The Swiss weren't pleased by the revised guidelines and insist that Emmentaler must have large holes. Considering how iconic those eyes are, we think they have a good point.

 

Thu, 01/06/2011 - 06:00 | 851866 mophead
mophead's picture

Me too. My wife made chocolate cupcakes about a week 1/2 ago and the damn things hardly rose and were quite mushy, like poundcake. Reason: smaller than normal eggs. Had to throw the damn things in the trash. Add that to the list of frustration caused by inflation.

Wed, 01/05/2011 - 18:50 | 850760 Common_Cents22
Common_Cents22's picture

and that's no yolk!

 

Thank you, I'll be here all week, please remember to tip your bartender and waitresses.

 

Consumer packaged goods play that game all the time.   Look at the bottom of glass or plastic jars.  That bubble in the bottom of the packaging gets bigger and bigger!

 

Just think what inflation guages would be if there was no substitution (no hamburger for steak) etc...  and the talking heads feed us inflation measures ex energy, ex food.   sheesh, what do we do more on a daily basis but EAT and drive?

Wed, 01/05/2011 - 18:57 | 850781 Missiondweller
Missiondweller's picture

"Just think what inflation guages would be if there was no substitution (no hamburger for steak"

 

No kidding, and keep in mind peanut butter is the substitute when you can nolonger afford hamburger let alone steak!

Wed, 01/05/2011 - 22:20 | 851331 Cathartes Aura
Cathartes Aura's picture

actually the "grades" refer to quality, not size - and the size is referenced by the dozen, not the individual egg:

In the United States, traffic in eggs is regulated under the federal Egg Products Inspection Act (1970). Both grades and sizes are defined, and the two are not related. Peewee eggs can be Grade AA and Jumbos can be Grade B.

http://www.sizes.com/food/chicken_eggs.htm

("traffic in eggs" gave me a lol - coming soon to your neighbourhood!)

Wed, 01/05/2011 - 19:10 | 850829 TheProphet
TheProphet's picture

You laid the other two with that stinker of a joke.

Wed, 01/05/2011 - 17:21 | 850359 Sam Clemons
Sam Clemons's picture

Not that the official inflation statistics are actually worth a damn, but does anyone know if size is included in any sort of way?

I noticed this Sunday.  Planters peanuts, unsalted and roasted, 32 oz was around 2.99.  Now, 16 oz, same price.

Wed, 01/05/2011 - 18:15 | 850602 minus dog
minus dog's picture

If I'm not mistaken, size is not included.  One more way they screw with the numbers.

Wed, 01/05/2011 - 18:59 | 850786 Syntaxkat
Syntaxkat's picture

I know Special K went from 14 oz. to 12 oz. pretty quickly, all that changed was the 12 oz box was bigger.  Going to cheaper stores where people stay away from brand name you see the same product but slowly reduced in quantity.  Something like 14 to 13.6 to 13.2 to 12.5 to 12.  It's all in the packaging.

Wed, 01/05/2011 - 21:38 | 851024 Dr. Sandi
Dr. Sandi's picture

This is really troublesome. I'm slowly getting bigger, but the food is quickly getting smaller.

I predict problems somewhere down the line.

Wed, 01/05/2011 - 22:32 | 851355 akak
akak's picture

And the quantity of "red berries" that they've been adding to it has been shrinking over the years as well.

But I bet RNR will just tell us that it's either all in our imagination, or that the berries are of a higher quality, therefore justifying the gypping.

Wed, 01/05/2011 - 23:55 | 851529 tmosley
tmosley's picture

Not just that, but remember that it is all the fault of greedy companies and their big fat profit margins.  They all decided to start decreasing the size of their products for no reason, but did it all at the same time and at the exact same time that input prices are exploding.

Thu, 01/06/2011 - 00:21 | 851576 akak
akak's picture

They all decided to start decreasing the size of their products for no reason, but did it all at the same time and at the exact same time that input prices are exploding.

I'm surprised he didn't try to claim that anyone who disagreed with his specious arguments was a "conspiracy theorist", too.

Wed, 01/05/2011 - 17:23 | 850363 Trimmed Hedge
Trimmed Hedge's picture

I should note, the supermarket also charged me 25 cents to rent the carriage!

Wed, 01/05/2011 - 17:24 | 850371 flacon
flacon's picture

And 10cents for a plastic bag. 

Wed, 01/05/2011 - 17:29 | 850389 Trimmed Hedge
Trimmed Hedge's picture

And the bag-boy stuck out his hand expecting a tip... WTF?!?

Wed, 01/05/2011 - 17:40 | 850450 LFMayor
LFMayor's picture

Carriage?  Does it turn back into a pumpkin when your're done dancing with it, Cinderella? 

Men speak of this conveyance and they use the word cart.

Wed, 01/05/2011 - 17:45 | 850465 Internet Tough Guy
Internet Tough Guy's picture

Buggy, says I.

Wed, 01/05/2011 - 17:50 | 850504 impending doom
impending doom's picture

Don't all you unemployed motherfuckers have something better to do with all you free time than to clog up ZH servers with your painfully unfunny comments? The shit comment/ useful comment ratio is approaching infinity...

Wed, 01/05/2011 - 17:54 | 850522 LFMayor
LFMayor's picture

... some shit about beams in eyes, you mean?

Go Weep.

Wed, 01/05/2011 - 18:23 | 850632 impending doom
impending doom's picture

As soon as I see an informative comment from you, i'll happily retract my statement. In the mean time it's a shame you don't have a term limit.

Wed, 01/05/2011 - 18:00 | 850538 Internet Tough Guy
Internet Tough Guy's picture

Prig, I sez.

Wed, 01/05/2011 - 18:31 | 850671 impending doom
impending doom's picture

See you in Dachau

Wed, 01/05/2011 - 18:20 | 850627 Panafrican Funk...
Panafrican Funktron Robot's picture

"Don't all you unemployed motherfuckers have something better to do"

1.  Read statement three times.

2.  Reflect back on yourself.

Wed, 01/05/2011 - 18:23 | 850636 impending doom
impending doom's picture

Yes, coming from the granddaddy of all useless posters... you should tape your post to the top of your monitor and read it every time you think about touching the keyboard.

Wed, 01/05/2011 - 18:56 | 850780 Sad Sufi
Sad Sufi's picture

Lighten up Doom.  I've enjoyed some pretty good laughs on this particular thread today.  Makes me less sad...Sell an oz or a bullet, and join the party.

Wed, 01/05/2011 - 19:23 | 850869 impending doom
impending doom's picture

I suppose you're right. I guess I'm just annoyed that this used to be a place of learning for me and now, not so much.  Apologies to all. The next round is on me.

Wed, 01/05/2011 - 20:00 | 850983 Common_Cents22
Common_Cents22's picture

A big problem for Zerohedge has been forum doomers from LATOC came over.  A peak oil forum that was shut down.  There was some good info there for preps and various discussions but there was a core group of complete loser doomers that did nothing with their lives but complain.  I have a feeling more than a few started posting here as ZH articles started getting posted there before it shut down.    Nothing wrong w/ doom and prep but it needed to be a level headed discussion, not pessimistic losers in life who would complain about paying the taxes if they won the 355mil mega millions last night.

 

At some point soon, ZH needs to implement some stricter posting standards and more aggressive moderation.

Wed, 01/05/2011 - 18:01 | 850551 Trimmed Hedge
Trimmed Hedge's picture

If I were male, then yes, perhaps I would use the word "cart."

Wed, 01/05/2011 - 18:08 | 850577 LFMayor
LFMayor's picture

This newly revealed fact has made delightful imagery dance in my head when I consider your nom de blog.

Apologies.

The go weep for "impending" still stands.

Wed, 01/05/2011 - 18:12 | 850597 Trimmed Hedge
Trimmed Hedge's picture

It took you boys long enough to figure that one out....

; )

Wed, 01/05/2011 - 18:32 | 850675 Cheesy Bastard
Cheesy Bastard's picture

Racing stripe?

Wed, 01/05/2011 - 19:18 | 850850 Joeman34
Joeman34's picture

Landing strip?

Wed, 01/05/2011 - 18:25 | 850648 impending doom
impending doom's picture

Sniff, sniff. Now I know why nearly all the members I could actually learn something from have departed. Woe is me.

Thu, 01/06/2011 - 11:03 | 852391 Joeman34
Joeman34's picture

Relax D-bag, it's called humor - read a book about it; you obviously have no grasp of the concept currently.

Or just do us all a favor and 'impending doom' yourself!

Wed, 01/05/2011 - 20:04 | 850999 Arkadaba
Arkadaba's picture

lol! 

And Trimmed - glad to know there a few of us reading and posting on ZH

Wed, 01/05/2011 - 18:11 | 850594 Cinfultreat
Cinfultreat's picture

Gives a new meaning to Trimmed Hedge

Wed, 01/05/2011 - 19:03 | 850800 EvlTheCat
EvlTheCat's picture

Your avatar "gives a new meaning to Trimmed Hedge"

Wed, 01/05/2011 - 17:54 | 850515 pazmaker
pazmaker's picture

 Aldi's does that but you get it back upon return so it is realy a deposit not rent(for aldi's)

Wed, 01/05/2011 - 17:25 | 850376 economessed
economessed's picture

Kimberly Clark pulled this stunt on a number of their paper products about 6 months ago.  So I switched to a store brand, and wrote KC to tell them what the consequences were of their trickery.  They wrote me back one of the most ludacris non-denial denials of all time, and threw in $3 worth of coupons.  The coupons required me to buy about $14 worth of products to redeem.  A short calculation showed I was still about 2% worse off, so I sent them back with an explanation that they'd have to send me a constant supply of $3.50 off coupons to keep me as a customer.  No response yet.  Store brand products seem to perform just as well.  QED.

Wed, 01/05/2011 - 17:31 | 850401 Sophist Economicus
Sophist Economicus's picture

You know, in a 'prior life', as a management consultant, we did some work for a BIG paper products company that was trying to understand toilet paper usage in Austrailia.   The questions included:

 

1.   Fold .vs. crumple

2.   Look or Don't look

3.   Wet or Dry

 

DOn't know why I'm sharing this.....But while I am, I fold, look and have no idea what the wet .vs. dry thing is all about - but definitely dry

Wed, 01/05/2011 - 18:03 | 850566 iDealMeat
iDealMeat's picture

Wet or Dry?  Like a wet baby wipe..  Wipes off more poop. Run your fold under the sink really quick and get it a little "wet"..  then wipe.. works better, smears less..

Wed, 01/05/2011 - 19:08 | 850822 FrankIvy
FrankIvy's picture

The fact that we're the only animal on the planet that needs to use toilet paper to be clean is God's way of bitch smacking us.

Wed, 01/05/2011 - 18:48 | 850746 Alex Kintner
Alex Kintner's picture

Wow, I get it now. So people are afraid to "Look" at the result of Uncle Ben's Qunatitative Elimination. Screw the WSJ, I'm gonna start reading Management Consultant Monthly.

Wed, 01/05/2011 - 21:59 | 851295 Dapper Dan
Dapper Dan's picture

When I was a child I ask my mother how I would know when I was done wiping,  her reply " The tint"

Wed, 01/05/2011 - 17:29 | 850385 Fidel Sarcastro
Fidel Sarcastro's picture

It should be called its real name: Stealth Inflation.

Wed, 01/05/2011 - 17:29 | 850394 Trimmed Hedge
Trimmed Hedge's picture

Gold-plated tungsten bars?

Wed, 01/05/2011 - 17:51 | 850509 impending doom
impending doom's picture

Go away

Wed, 01/05/2011 - 19:20 | 850863 Hephasteus
Hephasteus's picture

You go away.

Wed, 01/05/2011 - 19:24 | 850871 impending doom
impending doom's picture

Well, i guess you were here first.

Wed, 01/05/2011 - 17:29 | 850391 NotApplicable
NotApplicable's picture

As Lew Rockwell stated in response to a Today Show piece, they somehow failed to mention the Federal Reserve's value deflation of the dollar (now worth less than a nickel).

Wed, 01/05/2011 - 17:47 | 850478 andybev01
andybev01's picture

...and that somehow relates back to:

1.   Fold .vs. crumple

2.   Look or Don't look

3.   Wet or Dry

 

Wed, 01/05/2011 - 17:29 | 850392 Missiondweller
Missiondweller's picture

Along the same theme, a dollar store explained where they get they're deals:

 

When Heinz is downsizing their packaging from 24 oz to 20 oz they keep the same price and offload the remaining 24 oz to the dollar store. At about $3 that's about a 20% increase in price.

Wed, 01/05/2011 - 17:30 | 850398 Grimbert
Grimbert's picture

Do they not put the price per lb / kg whatever on the shelf label in the USA?

Wed, 01/05/2011 - 17:35 | 850422 LFMayor
LFMayor's picture

some stores like the Save a Lot where the Pofolk and I shop will add "price per oz" to the shelf labels.  Right beside the "WIC approved" ones.

Oh fuck...  and I just now thought to check their math.  What if those chiseling bastards are scamming me?

Wed, 01/05/2011 - 17:36 | 850423 tmosley
tmosley's picture

They do, but the print is tiny, and often under a lip so it is hard to read.

I always shop by unit price.  Sadly, I never kept track.  They are definitely UP, though. 

Wed, 01/05/2011 - 20:17 | 851032 Arkadaba
Arkadaba's picture

The tiny print irritates me to no end and it sucks that companies are participating in this type of stealth inflation. But, in the end, for me,  it comes down to a hours/cost ratio. Right now the hours I would spend on tracking prices and cutting coupons for groceries wouldn't be worth it as opposed to actually working, learning new skills, posting on my experimental blog or reading ZH ;) Of course, if I get laid off, the variables would change. 

So right now I look at final check out price and yes it has gone up especially over the past year.

Wed, 01/05/2011 - 17:40 | 850445 VisualCSharp
VisualCSharp's picture

It depends on the store. Most major supermarkets/retailers will include unit prices, but some don't. And I've noticed something else becoming much more prevalent: the same products from different manufacturers labeled in different units to make price comparison very difficult. At my local HEB, paper towel unit prices are particularly bad. I counted three different ways in which they were sold: by the roll, by the sheet and by the package. What's funny is, the only real way to compare is to do it by foot, since sheets can be different lengths. None of them had per foot unit prices. Insidious.

Oh, watch out for Ozarka bottled water. They have clear plastic containers that are designed to look the same size as a standard gallon jug. HEB shelves the plastic containers next to the gallon jugs. The packages appear the same and are priced the same: $1.09. Problem is, the clear plastic containers only hold 3 quarts!

Wed, 01/05/2011 - 18:00 | 850542 Grimbert
Grimbert's picture

One of the few advantages of the metric system - at least you don't need to multiply the unit price of one item by 16 in your head. 

Wed, 01/05/2011 - 19:07 | 850814 FrankIvy
FrankIvy's picture

Few advantages?  Deciding between the U.S. system and Metric is like comparing cafeteria food to my dear mum's cooking, which was awesome. 

Does anybody know what the 0 on the Farenheit scale corresponds to?  (the coldest day i a multi-year period in some town in Russia where Mr. Farenheit was making his scale).  Teach that to the kids.  When I was a kid they told us the Metric System was coming to the U.S..  Just one more lie.

Wed, 01/05/2011 - 20:28 | 851066 blunderdog
blunderdog's picture

That was the temperature water USED TO freeze at back in the old days, when winters were colder and a 20 degree slope was steeper before all the damn kids came along and fucked everything up.

(But seriously, it was some crazy-ass mixture of some crazy-ass mad-scientist concoction.)

Thu, 01/06/2011 - 00:56 | 851640 trav7777
trav7777's picture

I'll weigh in on this.

The metric system sucks.  Yes, it sucks.

The reason I say this is because the english system EVOLVED over centuries to provide usable weights and measures that had relevance to human activities.

A kilogram is too heavy, a meter too long, centimeter too short.  Fluid Ounces measure well for meals, they are evenly divided by teaspoons and tablespoons.  The foot is like the measure of a big foot, chains, acres, etc., are ALL measurements that are NON ARBITRARY.  They were related to some physical thing, how much an oxen could plow, etc.  Inches, pounds, stone, etc.  English measurements revolve around things humans need to measure in nice round numbers.

The metric system is totally arbitrary, based on configurations of water.  As far as celsius vs farenheit, F measures real-world physical temperatures.  0 is real cold, 100 is real hot.  Metric is obviously objectively superior for scientific purposes, but the mile integrates so well with the minute at ordinary roadway speeds that going to kph is absurd.  The english pound, the foot, the cup, pint, quart, etc., all work very well for things we do on a daily basis.  This is why they stuck around whereas metric completely dominates science.  Even the Brits don't want to give up the gallon and the mile.

For the goldbugz, talk about TROY ounces?  But, these coin sizes WORK well, don't they?  There is no EVEN unit in metric that can suffice, what, 3 decagrams?  Grains were actual grains of something.  A gram works ok for retail coke sales, but at an intermediate level, the 8ball and half and oz are for people who are having more hookers over.

Thu, 01/06/2011 - 01:50 | 851715 akak
akak's picture

I have to disagree, at least partially, with you Trav.

I am involved in commercial food production, and I can tell you categorically that it is and would be a fucking nightmare to use various English measurements such as cups, pounds, teaspoons, tablespoons, drams, gerkins and whatever else for commercial recipes whose batch sized vary constantly.  It is a simple matter to multiply all the various ingredients by 97.3% or 115.8% or 76.8% when dealing with grams and kilograms, but would be utterly cumbersome and highly error-prone if dealing in all the various English measurements.  I have formulated many such recipes myself, and I can tell you that I strictly use the metric system for all of them.

Wed, 01/05/2011 - 18:54 | 850772 Alex Kintner
Alex Kintner's picture

Yeah, unit price is listed on the shelf tags. Of course, the products are never stocked on the same shelf space as the tag. So you gotta spend an hour looking for the dam thing. It's all designed to make you give up.

Wed, 01/05/2011 - 20:18 | 851037 Dr. Sandi
Dr. Sandi's picture

Do they not put the price per lb / kg whatever on the shelf label in the USA?

It's not legally required, not always updated with the frequent size/price changes, and besides, who reads anything anymore?

Wed, 01/05/2011 - 22:57 | 851406 ColonelCooper
ColonelCooper's picture

Plus, I think there's an app for that.

Wed, 01/05/2011 - 17:32 | 850405 Hondo
Hondo's picture

I had this whole debate at a Fed symposium on inflation back in the late 1990’s when they were starting to go wild with hedonic pricing and substitution effects for the CPI.  When is the last time the BLS ever quality adjusted a product downward………answer….. never!  Can you imagine the ramifications of a federal official telling a company that there product is of worst value than the month before.  This systematically biases the CPI downward.  As for the substitution effect……..well, if chicken is less than beef then eating grass is even better……………it’s all part of the Ponzi to lower the CPI and benefits payments along with any contract that has a CPI escalator on it.

Wed, 01/05/2011 - 18:15 | 850604 akak
akak's picture

Only the most retarded or the most corrupted give ANY credence to the laughably manipulated "statistics" published by the BLS any longer.

Wed, 01/05/2011 - 17:33 | 850410 Joe Davola
Joe Davola's picture

Don't think of it as inflation, think of it as The Biggest Loser, Home Edition.

Wed, 01/05/2011 - 17:49 | 850495 andybev01
andybev01's picture

+ 1/2-ton Mom

Wed, 01/05/2011 - 17:35 | 850415 johnnyBoy
johnnyBoy's picture

Check out those 1/2 gallon (2 qts.) ice cream tubs.  They are now 1.5 qts.   Pints (16oz) are now 14oz.  They look the same just smaller.

Wed, 01/05/2011 - 17:34 | 850419 Gene Parmesan
Gene Parmesan's picture

Yep. This is all due to the rise in gas prices. Right. Nothing else going on. Move along, people.

Wed, 01/05/2011 - 17:35 | 850424 Pegasus Muse
Pegasus Muse's picture

Folgers pulled this same trick with their coffee.  The decrease in size was noticeable when I compared their new can to the old container they had been using. 

Wed, 01/05/2011 - 17:36 | 850431 Sudden Debt
Sudden Debt's picture

For the silver bugs, check out ECU Silver Mining Inc.

 

Wed, 01/05/2011 - 17:56 | 850531 impending doom
impending doom's picture

apropos of nothing as usual, eh SD?

Wed, 01/05/2011 - 23:13 | 851440 ColonelCooper
ColonelCooper's picture

Maybe you should go out for a walk or something.  You know,, bitchstomp a kitten, maybe knock an old lady down on the sidewalk.  Really.  Try it.  It'll make you feel better.

Thu, 01/06/2011 - 00:07 | 851551 tmosley
tmosley's picture

I don't think I've seen you contribute anything to the comments section today.  Well, other than telling everyone how bad their posts are.

Perhaps you ought to contribute something before you criticize everyone?

Wed, 01/05/2011 - 18:09 | 850581 oddjob
oddjob's picture

First Majestic is great comapny as well.An interview with CEO Keith Neumeyer is worth a listen.This man is a very astute miner and he says $50 is in the bag.

http://watch.bnn.ca/#clip397128

Wed, 01/05/2011 - 18:30 | 850655 Cash_is_Trash
Cash_is_Trash's picture

So does John Embry, $50 fo' sho. I also switched from SLV to PSLV which belongs to Sprott AM.

Wed, 01/05/2011 - 17:38 | 850435 no2foreclosures
no2foreclosures's picture

Well, the good news is that all the featured products in that ABC lamestream report are full of sh*t such as neurotoxins like MSG and GMOs.  So, the American "consumer" should get healthier, i.e., from being morbid obese to just plain old obese, by consuming less of these "foods."

GD2 is going to be awesome for the American waistline. . . .

Wed, 01/05/2011 - 17:38 | 850438 daneskold
daneskold's picture

Have four kids, so we buy ice cream.

Interesting that 1/2 gallons are now 1.5 quarts or 1.4 quarts for the same price.

I understood that when bulk milk prices went through the roof, but when milk came down, the portions did not.

I make a point of not buying products where the same price, less goods game is played.

Wed, 01/05/2011 - 17:44 | 850463 pazmaker
pazmaker's picture

Also Consumer Reports   says many ice cream manufacturers are now injecting more air into the product duriing manufacturing making for a fluffier ice cream but less actual product.

Wed, 01/05/2011 - 17:57 | 850530 Sad Sufi
Sad Sufi's picture

This is an ancient ice cream trick used for about a century.  The ice cream lobby must have regulations allowing them to sell it by volume rather than by weight.

But, your comment means it is probably getting worse.

Also, I have noticed for years that the ice cream cartons in pint sized premium brands are getting hollower at the bottom, I guess to look larger?  The shocker on the video was seeing the same thing done with peanut butter.  Kind of scary.

Wed, 01/05/2011 - 18:04 | 850557 tmosley
tmosley's picture

Ben and Jerry's and, oddly enough, the Walmart brand ice cream are the only brands that don't inject air (that I know of).  Or rather, they didn't as of a few months ago, the last time I bought ice cream.  I was very surprised when the Walmart ice cream would barely yield under the weight of my scoop.

Wed, 01/05/2011 - 18:29 | 850662 Panafrican Funk...
Panafrican Funktron Robot's picture

Gotta wonder if they add water to the "milk".  That would retain the weight while lowering the production cost.

Wed, 01/05/2011 - 18:37 | 850699 tmosley
tmosley's picture

Check the ingredient label.

Wed, 01/05/2011 - 22:44 | 851383 GreenSideUp
GreenSideUp's picture

Yeah, it's all high fructose corn syrup and myriad other chemicals.  It's getting more and more difficult to find ice cream with real ice cream ingredients.  

Wed, 01/05/2011 - 19:25 | 850874 Rusty Shorts
Rusty Shorts's picture

The added water originates down on the old Dairy Farm, who sell their milk by weight, so they are always adding water to increase revenues ... yes, the buyers test for water added, but a little kickback will take care of any questions.

Wed, 01/05/2011 - 18:02 | 850558 Grimbert
Grimbert's picture

Take two different tubs of icecream to the fruit and veg aisle and weigh them. It makes Ben & Jerry's look a lot less expensive.

Wed, 01/05/2011 - 20:21 | 851042 Dr. Sandi
Dr. Sandi's picture

...manufacturers are now injecting more air into the product duriing manufacturing making for a fluffier ice cream but less actual product.

The Fed's been doing that to the dollar for nearly a century now. But the dollar still isn't quite fluffy enough to use as TP.

Wed, 01/05/2011 - 20:20 | 851043 johnnyBoy
johnnyBoy's picture

Look closely at the labels, too.  Make sure they say "Ice Cream". Many of them have changed to "Frozen Dairy Dessert".

Wed, 01/05/2011 - 17:41 | 850446 sweet_cheese
sweet_cheese's picture

Retail Shrink-Ray Bitchez!!

Wed, 01/05/2011 - 18:18 | 850619 Beam Me Up Scotty
Beam Me Up Scotty's picture

They need to use that on some of the fat asses in this country.  Maybe they will consume less--and food prices will have a reason to come down instead of go up.

Wed, 01/05/2011 - 18:46 | 850743 Sad Sufi
Sad Sufi's picture

True, most of us could eat less and live longer.  If supply chain interruptions happen, just looking around, the average person could last a month no problem, without a re-supply trip to Walmart.

Wed, 01/05/2011 - 17:42 | 850451 Dr. Porkchop
Dr. Porkchop's picture

I just have to go out to the vending machine to see this in action. $1.25 for a 40g bag of chips, that used to be the mini bags you gave the kiddies at Halloween. Soon it will be $3.25 for one cello-wrapped Dorito.

Wed, 01/05/2011 - 17:42 | 850454 pazmaker
pazmaker's picture

CNBC had an article on this too qouting Consumers Digest.  I posted the link in the food riots thread.

 

Here it is:       http://www.cnbc.com/id/40909380

Wed, 01/05/2011 - 17:44 | 850460 Cheesy Bastard
Cheesy Bastard's picture

Stay the hell away from that 2 quart Tropicana orange juice that is now 59 oz still in a 64 oz container.

Wed, 01/05/2011 - 17:59 | 850534 impending doom
impending doom's picture

Actually, it says 59oz right on the side where I shop...

Wed, 01/05/2011 - 18:08 | 850573 Cheesy Bastard
Cheesy Bastard's picture

Is the 59 oz. container smaller than the 2 quart containers right next to it? No?  Good try, though, especially for the poster boy for the campaign to try to find a vaccine for idiocy.

Wed, 01/05/2011 - 18:17 | 850616 Cinfultreat
Cinfultreat's picture

He went to the store and double checked before posting

Wed, 01/05/2011 - 18:22 | 850631 Cheesy Bastard
Cheesy Bastard's picture

He's probably just heard the phrase "size doesn't matter" too often.

Wed, 01/05/2011 - 18:24 | 850641 Cinfultreat
Cinfultreat's picture

It's all about the motion in the ocean, but sometimes their isn't a current and it is all about the Boat.

Wed, 01/05/2011 - 18:33 | 850687 impending doom
impending doom's picture

No, just to the fridge, dumbass. The entire meaning of your life is to serve as a warning to others

Wed, 01/05/2011 - 18:34 | 850690 impending doom
impending doom's picture

There are no 64oz carton of OJ where I shop any more, but thanks for being a dick anyway.

Wed, 01/05/2011 - 18:47 | 850739 Cheesy Bastard
Cheesy Bastard's picture

Speaking of dick, your mom told me to tell you hello.  And most store brands are still 64 oz.

Wed, 01/05/2011 - 19:25 | 850877 impending doom
impending doom's picture

Shouldn't you be crafting your Tyler Doucheden character, we're all dying to see that one...

Wed, 01/05/2011 - 19:31 | 850907 Cheesy Bastard
Cheesy Bastard's picture

I can see that you are nobody's fool.  Don't give up hope,though, maybe someone will adopt you.

Wed, 01/05/2011 - 19:29 | 850894 impending doom
impending doom's picture

What are you 12 years old? "Your mom" jokes is the best you got? Sorry, I don't buy the generics. BTW, if you want to fuck my mom your problems probably require a team of experts to address.

Wed, 01/05/2011 - 19:36 | 850917 Cheesy Bastard
Cheesy Bastard's picture

Fine, I'll address you directly.  You are the load your mom should have swallowed.

Wed, 01/05/2011 - 19:47 | 850956 Cheesy Bastard
Cheesy Bastard's picture

That crossed the line and I apologize.

Wed, 01/05/2011 - 20:09 | 851017 andybev01
andybev01's picture

yeah, the funny line.

 

+10

 

Wed, 01/05/2011 - 20:55 | 851136 Hulk
Hulk's picture

Instead, she spat it out and the flies did the rest...

Wed, 01/05/2011 - 23:15 | 851448 ColonelCooper
ColonelCooper's picture

ROTFLMAO.  Good to see you down in the gutter once in a while too.

Wed, 01/05/2011 - 17:43 | 850462 red2893
red2893's picture

I agree too

 

an analogy would be the curacao commercial on Cnbc... who knows the answer though

 

http://theopeningrange.blogspot.com/

Wed, 01/05/2011 - 17:54 | 850468 Waterfallsparkles
Waterfallsparkles's picture

Tuna from 8oz to 6oz to now 5oz.  No change in price just the amount of product.  Plus, more water than before.

I buy Summer Sausage for Christmas presents.  Last year 2 lb for $5.00.  Now 1.5 lb for $5.00.

Coffee on sale 2 years ago (plus larger can) $4.99.  Last year $5.99.  This year $6.99 to $8.99.

Every one knows about Ice Cream.  1/2 Gallon to 1.5 quarts.  Same price.  I stopped buying Ice Cream.  Now a luxury.

Sugar from 5lb to 4lb same price.

Vegetables thru the roof.  I mean Broccoli more than Ground Beef?  Broccli at $1.99 lb?  Brussel Sprouts at $2.50 lb? Cauliflower $3.99 a head, Tomatoes at $2.50 lb.  Used to like a sliced tomato on a sandwich.  No more.

Michell Obama wants us to eat healthy but who can afford it with the cost of vegetables?

Wed, 01/05/2011 - 18:01 | 850547 impending doom
impending doom's picture

And you didn't even mention organic. Probably need a line of credit for that stuff soon.

Wed, 01/05/2011 - 18:43 | 850724 Cathartes Aura
Cathartes Aura's picture

you might be surprised - depending on the store you shop in (WholeFoods vs. local "health food store"), the prices are not very different - the sale items like 5lb bags of potatoes might be a loss leader, but overall, organic is not that much more expensive. . . and it's not GMO, though they're working on the cross-pollination infecting the whole food supply, sadly.

grow yer own, heirloom, save the seeds, share.

Wed, 01/05/2011 - 18:47 | 850741 impending doom
impending doom's picture

Yeah, I just can't be bothered to make multiple trips for food, so I buy the chain organics. I just consider that the cost of "real" food, since the nutritional content of the regular stuff decreases yoy.

Wed, 01/05/2011 - 18:59 | 850785 FrankIvy
FrankIvy's picture

Yeah, but . . . the big boys got their hands into organic, now, even if it says "organic," it may not be.  Specifically, I believe that if 5% or less of a particular food is not organic, but the other 95% or more is, then it can be labelled organic.  Not sure about straight veggies . . .

Regarding GMOs - IMO not a big issue.  We have much bigger fish to fry - specificallly, control of the food supply by corporations.  I too save seed and garden/farm.  I just don't really see foreign DNA as a big issue for either health or the food supply.  Mon----o trying to bankrupt every small farmer I see as a much bigger issue regardless of what's being grown.

Wed, 01/05/2011 - 23:17 | 851451 Cathartes Aura
Cathartes Aura's picture

which is why it's good to buy/barter your food with people you build up a relationship/trust - I know that's an "eye roll" for many, but what happens when there is an interruption to your corporate packaged food delivery? as Arkadaba says, there are farmer's markets (tho' seasonal) in many cities now, and if you're more rural, you should have this on your radar already.

as to the GMO "issue" - just explain to me why the food isn't labeled as GMO so that people can choose, and why whole countries resist GMO seed? (europe for a start) - you mention "control of the food supply by corporations" - that's what GMO seeds/food actually is, corporate food control.

mono-cropping leaves the world open to evolving diseases & insects that can devastate whole harvests - look at the european potato blight & resulting famines. also, GMO airborne pollens contaminate non-GMO crops - central america is known for heirloom corn, hundreds of varieties in the past, and their smallholdings are being cross-contaminated with GMO pollens. . .

not to mention the disappearning bee colonies, sigh. . .

Wed, 01/05/2011 - 23:31 | 851479 Jerome Lester H...
Jerome Lester Horwitz's picture

If you think that GMO is not a big issue then maybe you should read this.

 

http://www.aaemonline.org/gmopost.html

 

Avoid GMO if at all possible!

Wed, 01/05/2011 - 20:33 | 851083 Arkadaba
Arkadaba's picture

And no matter where you live, I think you can find a local farmers' market. 

Wed, 01/05/2011 - 18:02 | 850562 Sad Sufi
Sad Sufi's picture

Just checked my tuna cans, which I got on a "special deal" at 5 cans for 4 dollars.

Hell, they are 5 oz versus the 6 oz from last year!! Son of Bitch

Wed, 01/05/2011 - 18:06 | 850572 Sad Sufi
Sad Sufi's picture

"Yes, but those thinner cans store easier."

Wed, 01/05/2011 - 19:12 | 850836 hamurobby
hamurobby's picture

I started buying cases of tuna from walmart back in April. Then a can was .52 cents, then .54, then .58 and now they are .60, and thats fact. The cans are good until 2014, hope we dont need them. 

Wed, 01/05/2011 - 22:50 | 851394 thefedisscam
thefedisscam's picture

Most of vegetables in the U.S. Market are imported from S. America, and higher oil price push imported goods price higher, it is just that simple. The key is NO unemployed Americans, a lot of them are very fat, would be willing to go work on a farm. On the other hand, these are the guys who are whining about illegal/legal migrant farmers who could have grown cheaper vegis for them.

LOL. they just want their cake and eat it too.

Thu, 01/06/2011 - 01:22 | 851684 Widowmaker
Widowmaker's picture

Michelle can, you're paying for it -- and seconds for Sasha.

Wed, 01/05/2011 - 17:47 | 850474 Cow
Cow's picture

During the 80s, grocery stores had labels under each item with the price and $/oz.  This disappeared for some reason.

Wed, 01/05/2011 - 21:30 | 851218 fearsomepirate
fearsomepirate's picture

The grocery stores around here all have $/oz or $/unit on their price labels.

Thu, 01/06/2011 - 02:39 | 851761 Dr. Porkchop
Dr. Porkchop's picture

Unit price is the way to gauge what you're buying. I'd bet that most have no clue it's there or what it means.

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